Smart
gas meters are devices that display gas usage readings based on
two-way communication between energy suppliers, energy meters,
distributors, and energy consumers. In commercial and industrial, and
residential sectors, consistently increasing energy needs have
necessitated energy companies to adopt measures to ascertain energy
security in the long run. Thus, gas is increasingly being accepted as
a mainstream utility, leading to the installation of smart devices to
gain maximum value.
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In
this regard, to curb greenhouse gas emissions, international
environmental agencies are mandating the utilization of smart gas
meters keep a check on energy consumption for all purposes. The
adoption of smart gas meters is touted as the formidable solution
that can address the problem effectively.
In
energy distribution networks, energy theft, which amounts to
significant loss both monetarily and in the volume of gas, needs
urgent attention as well. To address such problems, several
governments around the world are taking efforts to keep a check on
such happenings. For instance, in Brazil, the government has devised
programs to roll out smart gas meters to curb energy theft. Other
developing countries are expected to follow suit for the said benefit
of reducing energy theft.
Meter
Data Management Leads Global Smart Gas Meter Market
The
global smart gas meter market is divided on the basis of technology,
end user, and geography. The various segments of the smart gas mater
market on the basis of technology are meter data management (MDM),
geographic information system (GIS), supervisory control and data
acquisition (SCADA), and others. Amongst all, it is the meter data
management segment that held almost 60% of the smart gas meter market
in 2014.
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On
the basis of end user, commercial and industrial and residential are
the two segments of the smart gas meter market. In 2014, whilst the
residential segment accounted for a dominant 75% of the market. In
residential buildings, energy companies often offer incentives for
the installation of these devices, which accounts for the large
market share of the residential end-use segment.
Issuance
of Regulatory Mandates to Reduce Carbon Footprint Benefits Smart Gas
Meter Market in Emerging Nations
The
smart gas meter market has five regional segments, namely North
America, Asia Pacific, South and Central America, Europe, and Middle
East and Africa. In 2014, North America held the largest market
share, accounting for 64% of the global market of smart gas meters.
In Europe, government mandates to curb the carbon footprint are
driving the installation of smart gas meters. The U.K, France, and
Italy will emerge as key markets for smart gas meters in the near
future in the region.
In
2014, Asia Pacific stood third in terms of revenue in the smart gas
meter market. The Middle East and Africa regional segment exhibited
slow growth, however, stringent regulatory norms that will come in
place to reduce greenhouse gases will boost the demand for smart gas
meters in these regions in the coming years.
Some
major companies operating in the smart gas meter market are ABB
Group, Badger Meter LLC, CGI Group Inc., Cyan Technology Ltd., Itron
Inc., General Electric, MOXA Inc., Quadlogic Meters Canada Inc. (
QMC), Sensus Metering Systems Inc., SmartGAS Mikrosensorik GmbH,
Spire Metering Technology, Advanced MRF LLC, Capgemini S.A., Comverge
Inc., Elster Group GmbH, EnerNOC Inc., Master Meter Inc., Pacific Gas
& Electric Company, Schneider Electric SE, Silver Spring
Networks, Southern California Gas Company, and Advanced MRF LLC.
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